World News by Wild Rose

Across China, a new breed of freelance “robot trainers” are wearing motion-capture gear to turn everyday household chores – picking up cups, opening bottle caps and washing dishes – into data that will teach tomorrow’s machines. The data is later converted into training sets to help robots work in settings ranging from kitchens and factories to supermarkets. Such roles are increasingly advertised on mainland social media and job platforms. They reportedly pay trainers between 4,000 yuan and...

China has lifted nearly 800 million people out of extreme poverty, arguably the greatest achievement in poverty reduction in human history. Even so, no mainland Chinese economist has won the Nobel Prize in Economic Sciences. Across the Pacific, the United States has produced about 75 per cent of Nobel economics laureates, even as its economy staggers under mounting public debt, chronic fiscal deficits, and recurring financial crises and government shutdowns. Of the 99 economics laureates ever...

Two Taiwanese executives have been arrested for allegedly using mainland Chinese-made components in drones supplied to the island’s military. It is the second time in two months that a Taiwanese drone supplier has been investigated by the island’s authorities over the alleged use of prohibited mainland components. The case has intensified opposition scrutiny of the government’s efforts to build a “drone team” based on a “non-red” supply chain that excludes components and technology from mainland...

The White House’s bid for a US “golden age” of science should put China on alert, Chinese analysts have warned, but they remain sceptical as to whether President Donald Trump’s alliance with Silicon Valley billionaires can pull it off. This comes as Trump, in another arguably unconventional move, handed the country’s highest science and engineering awards to top American tech bosses. Elon Musk, head of electric-vehicle maker Tesla and aerospace manufacturer SpaceX, received the National Medal of...

China has moved from exporting cars to bringing entire auto industry ecosystems, building up production capacity in Europe and boosting partnerships with local companies. Arthur D. Little's automotive expert Philipp Seidel tells France 24 that while tariffs and quotas can buy time, EU carmakers must improve their own competitiveness and not become too dependent on Chinese suppliers. But first, we look at the latest IMF global growth forecast and warning about rising debt. 

Katie Zacharia, US President Donald Trump’s newly appointed White House press secretary, faces questions about her legal credentials after telling reporters on Tuesday that she passed a bar exam “when I moved to China”, without identifying the jurisdiction. Zacharia, who has repeatedly described herself as a lawyer, made the remark after her first official White House press briefing. According to her LinkedIn profile, she worked as an associate at Zhong Lun Law Firm, one of China’s largest, in...

A planned US$844 million port in southern Peru has drawn interest from several foreign investors, including Chinese companies, a regional governor said on Monday, as the government began promoting the project abroad. “Several companies have approached us. We have investors from the US, China and India who are very interested,” Rohel Sanchez, the governor of Arequipa, told reporters after signing an agreement with the state investment agency Proinversion. He said firms from Turkey and the...

The Philippine military has rejected calls to restore direct communication channels with its Chinese counterpart, despite warnings from Beijing that their absence risks “miscalculation” during confrontations and could further escalate tensions in the South China Sea. On Tuesday, the Armed Forces of the Philippines said it would not communicate with its Chinese counterpart in advance of its maritime operations, arguing that such channels were ineffective without mutual respect for international...

A Chinese research team has proposed four types of equipment that could rapidly switch between wartime environments, including operating deep under water for long periods, as multi-domain combat is set to develop in the coming decades. The “heterogeneous” equipment is designed to exceed conventional armoured vehicles by rapidly reconfiguring physical modules and functions within seconds for missions across land, water, air and electromagnetic contest grounds, according to the scientists. The...

A European Union deal to cap hybrid imports from China is only the first step as trade asymmetry goes far beyond cars, the bloc’s top economics official said.

Tokyo, Oct. 13 (Jiji Press)--A delegation from China has visited Etorofu, one of the four Russian-controlled northwestern Pacific islands claimed by Japan, the government of the Sakhalin region in the Russian Far East said Tuesday. The visit by the mission, comprising local government officials and business representatives from the northeastern China province of Heilongjiang, which borders ...

Ministry of External Affairs spokesperson Randhir Jaiswal reiterated that the Union Territory of Ladakh is an integral and inalienable part of India

A dance move known as the “flash step” recently went viral on Chinese social media, inspiring countless imitations, memes and creative merchandise, including keychains. In September, Chinese netizens jumped on the bandwagon, copying moves from a dance tutorial video made in the 1990s. They were especially taken with three moves featured in the video: the “flash step”, “prodigal kicking the ball” and “black bear shaking fur”. As its name vividly suggests, the flash step is a rapid, side-to-side...

The British Council said its IELTS examinations across China would resume Wednesday, ending four days of cancellations stemming from technical problems that left test takers scrambling at the height of the overseas university admissions season. The organisation announced on Tuesday afternoon that it would hold two free make-up sessions on October 19 and 20 for affected candidates and reimburse reasonable travel and accommodation costs for those who travelled to testing centres. The...

LVMH's sales in mainland China dropped by double digits in the third quarter, adding to doubts about the durability of a broader luxury recovery. Bloomberg's Angelina Rascouet reports. (Source: Bloomberg)

“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)

China is seeking public comments on draft rules that would streamline procedures for “low-risk” exports of aviation components such as engines and inertial navigation systems to give the industry a competitive boost. Such avionics currently are classified by Chinese authorities as “dual-use” items, which can serve both civilian and military purposes, and are subject to strict export licensing requirements. If implemented, “this will reduce compliance costs for an industry with extensive...

Haidilao International Holding has agreed to provide its founder, Zhang Yong, with a one-month loan of up to the Hong Kong dollar equivalent of 100 million yuan (US$14.9 million), a move that has raised market speculation as investors closely watch Beijing’s October 22 deadline for offshore trust taxation. The Hong Kong-listed hotpot chain said in a stock exchange filing on Monday night that it would fund the loan from internal resources and charge interest at 0.6 percentage points above the...

Soybeans fell as top importer China has yet to make significant purchases after a weeklong holiday, and the supply outlook for the US remained ample.

Visa Inc. received approval to begin preparations to establish a domestic bank card clearing business in China, teeing up the firm to potentially follow rivals Mastercard Inc. and American Express Co. in serving the nation’s massive payments market.

LVMH Moët Hennessy Louis Vuitton SE offered a closer look at the deepening Chinese luxury slump this week, revealing that sales on the mainland dropped by double digits in the third quarter while the traditionally high-spending consumer group also pulled back overseas.

Over the coming weeks, Hong Kong and Shenzhen will host two major gatherings of Asia-Pacific decision-makers. Hong Kong’s first Apec Finance Ministers’ Meeting takes place on October 20-21, with around 500 visitors expected, while Shenzhen hosts the Apec Economic Leaders’ Week next month. These Asia-Pacific Economic Cooperation forum meetings will bring international visitors to two neighbouring cities at the centre of China’s Apec year. For Hong Kong’s tourism industry, they offer a timely...

A group of Chinese officials are in the middle of a highly sensitive meeting involving critical decisions yet to be made behind closed doors, with documents stamped “classified” spread across the table. Suddenly, an invisible laser beams into the room, sweeping across a glass window and allowing the contents of the meeting to be transmitted elsewhere. China’s Ministry of State Security laid out this seemingly futuristic scenario six months ago, warning government departments and other entities...

China set five live-fire zones from 12 October, none in the Taiwan Strait, but a closure would hit shipping, insurance and US chip supply chains. The post Taiwan Strait Risk and the Cost of a Closure appeared first on The Rio Times.

Mexico's Economy Ministry imposed a provisional US$68.60 anti-dumping duty on each adult bicycle from China, effective Tuesday 13 October for six months. The post Mexico Sets US$68.60 Duty on Chinese Bicycles appeared first on The Rio Times.

As calls for an AI slowdown mount, Chinese and US governments are taking different approaches to AI development. Our latest episode comes a week ahead of Presidents Trump and Xi's meeting and compares the trajectory of China's AI models against their US counterparts. In this episode of Bloomberg Tech: Asia, Shery Ahn speaks with Bloomberg Intelligence's Rob Lea and Bloomberg Economics' Michael Deng to examine the factors that enable or hinder China's AI advancement. We also hear from Phancy Group, a Chinese AI firm deeply embedded in the country's ecosystem. (Source: Bloomberg)

The biennial Paris Motor Show officially opened this Monday in France. Over 200 auto sector brands will be present, rivalling for attention with their latest models and innovations. This competition for attention mirrors the competition for market share. This is especially true between local European brands and Chinese ones which have seen their sales surge on the continent over the past ten years – prompting accusations of unfair competition. Report by Charles Pellegrin, FRANCE 24’s business editor.

LVMH’s biggest division posted a slump in sales last quarter as its key Louis Vuitton brand suffered from a boycott in China.